Foreign debt, another facet of Algeria’s policy inconsistencies

Algeria is reportedly seeking a $3 billion loan from the Islamic Development Bank (IsDB) to finance a major railway infrastructure project. The loan is still pending approval by the bank’s governing board, which includes key stakeholders such as Saudi Arabia and the United Arab Emirates, countries whose diplomatic ties with Algeria have been strained in […]

Morocco’s Bank Crédit Agricole gets $20 Mln Loan from EBRD to support exporters & importers

The European Bank for Reconstruction and Development (EBRD) announced on Wednesday a $20 million loan to the Moroccan bank, “Crédit Agricole du Maroc”, to support local exporters and importers The funds will be used to issue guarantees in favor of confirming banks and to provide cash financing for pre-export and post-import financing and for local […]

Sudan: Gold Traders in Omdurman Launch Indefinite Strike Amid Rising Insecurity and Armed Robbery

Gold traders in Sudan’s city of Omdurman have commenced an indefinite strike on Monday, July 21, following the violent robbery of a colleague, Omar Mohamed, who was ambushed by armed assailants dressed in military uniforms. According to Khalid Al-Khanjar, head of the Chamber of Gold Traders, the attackers used a vehicle equipped with an RPG, […]